The maximum aggregate price to be paid for the repurchase of shares under this program will not exceed EUR 82.3m.

The Board of Directors of DIGI Communications decided on the initiation of the class B share buyback program, through which the company is authorized to acquire a maximum of up to 10% of the issued class B share capital. The buyback program could last for a 12-month period, until 30 April 2020, and would include the repurchase of maximum 3.5m shares.

The company notes that the maximum aggregate price to be paid for the repurchase of shares under this program will not exceed EUR 82.3m. This means that the maximum price per class B share equals to RON 40. On the other hand, the minimum price for the acquisition shares will be equal to the market price of BSE at the moment of the acquisition.

The total investment required for the project amounted to around EUR 19m.

OMV Petrom published a document in which they state that the company has completed the modernization of the Arad fuels terminal, the largest in West Romania and the second largest in the country. The company states that the mentioned terminal is one of the most modern and safest fuels terminals in Europe, which uses the best available international technologies in the field and has a storage capacity of over 32,000 cubic meters (equivalent to over 550,000 car refuels).

Note that the total investment required for the mentioned project amounted to around EUR 19m.

The program to optimize OMV Petrom’s fuel storage infrastructure was launched in 2007 and required investment of around EUR 145m. Within the program, three new terminals were built at Jilava, Brazi and Isalnita and three other terminals were modernized – in Bacau, Cluj and Arad. They have a total storage capacity of 119,000 cubic meters and they cover the entire territory of Romania.